Bought with Shilah Word • Luxe Real Estate Services
$580,000
$580,000
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7,927 Sqft Lot
SOLD DATE : 05/15/2024
Key Details
Sold Price $580,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10269440
Sold Date 05/15/24
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1916
Annual Tax Amount $2,419
Tax Year 2023
Lot Size 7,927 Sqft
Property Description
Discover an incredible fully renovated duplex situated in a prime location, offering enticing rental income potential. Positioned within close proximity to downtown Savannah & its attractions, SCAD, minutes to memorial hospital & more, this property caters to diverse rental audience, ensuring high occupancy rates & sustained profitability. Its features a new roof, granite counter tops, new bathrooms and original Victorian touches, guarantee both contemporary comfort and timeless appeal. You have a 2 bd 1.5 bath & a 3 bd 1 bath with a bonus room that can be a 4th bedroom. Backed by the area's upward trajectory & increasing rental rates, investors can anticipate substantial returns, with conservative projected rents of $50,400/yr and a robust cap rate of 8%. Huge opportunity as the furnished rental market grows tremendously. Tailored to multifamily property investors seeking a turnkey investment in Savannah's dynamic real estate landscape. Call today and make this property your own!
Location
State GA
County Chatham
Rooms
Basement None
Interior
Heating Central
Cooling Central Air
Exterior
Garage None
Community Features Sidewalks, Walk To Shopping
Utilities Available Electricity Individual Meters
Building
Story Two
Sewer Public Sewer
Level or Stories Two
Construction Status Updated/Remodeled
Schools
Elementary Schools A B Williams
Middle Schools Hubert
High Schools Other
Others
Financing Conventional
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